GWN Securities Inc. Takes Position in CMS Energy Co. (NYSE:CMS)

GWN Securities Inc. bought a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,404 shares of the utilities provider's stock, valued at approximately $487,000.

Several other hedge funds have also modified their holdings of the stock. BankPlus Trust Department acquired a new position in CMS Energy during the 4th quarter worth $29,000. Richardson Financial Services Inc. raised its position in shares of CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after acquiring an additional 235 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 275 shares during the period. Brooklyn Investment Group bought a new position in CMS Energy in the third quarter valued at about $40,000. Finally, Larson Financial Group LLC increased its position in CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after purchasing an additional 696 shares during the period. 93.57% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the transaction, the senior vice president now directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock worth $789,532 in the last quarter. Corporate insiders own 0.40% of the company's stock.

Remove Ads

CMS Energy Stock Up 0.0 %

CMS stock traded up $0.02 during mid-day trading on Thursday, hitting $73.73. 1,896,874 shares of the company were exchanged, compared to its average volume of 2,272,041. The firm has a market cap of $22.03 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The firm's 50 day simple moving average is $69.50 and its 200 day simple moving average is $69.04. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, sell-side analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. CMS Energy's dividend payout ratio is currently 65.36%.

Analysts Set New Price Targets

A number of research firms have issued reports on CMS. Morgan Stanley cut their target price on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Scotiabank lifted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Guggenheim reissued a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Finally, Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CMS Energy presently has an average rating of "Moderate Buy" and an average price target of $73.00.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.